Symphonie Trader System

I like to make between 5 - 20% a week

Today is better to go fishing fish not pips. Ah this holidays
What do you think will this gap be filled today?

I think H&S is only of good value on the H1.
But what do I Know anyway -

Good luck, you need it -

I had 40 % p.d. on my first account a year ago only to find out that I had no longer an account 1 week later -

Why would I need luck??

http://www.ft.com/cms/s/0/8626a02e-a...#axzz1wCt7ye6x

Devaluation – last option to save the euro

By Jeremy J. Siegel



As debate about a Greek exit from the euro grows, the European crisis is reaching boiling point. There are three sources for the problems of Greece and other peripheral European nations.
The first and most immediate is the fear that Greek banks will convert euro deposits into a new Greek currency. This has prompted withdrawals from not only Greek, but also Spanish and Portuguese banks and sent money flowing to German banks and German government bonds. The second is the unsustainable budget and current account deficits of many of the peripheral countries.

The third, and ultimately most important and intractable source of the crisis, is that labour costs in the peripheral countries are too high and uncompetitive with the northern European countries, particularly Germany. Historically, overpriced labour markets have been cured, albeit painfully, by currency devaluation – an option which is not open to euro-based economies.
If Greece does exit the euro and establish a new currency, investors fear that Greek deposits and Greek debt will be converted into a new currency which will sell at a steep discount to the euro. If Greece took this action, it would cause bank runs in Portugal, Spain, and even Italy as depositors fear their governments will do the same.
Although Greek and Portuguese banks are relatively small compared with those in the EU, banks in Spain and Italy are not. A run on the banks in those countries would need to be met by massive loans from the European Central Bank to prevent an all-out financial collapse.
That is why if Greece exits the euro and converts euro deposits into its own currency, it would be necessary for the ECB to quickly guarantee all deposits in all eurozone banks, a policy similar to the one that the Federal Reserve followed after the Lehman bankruptcy in 2008.
The second source of the crisis involves the large and growing debt of the peripheral countries. This has led to ECB and German demands for austerity which have sparked a fierce backlash in Greece and other countries. But excessive government debt is not now the most critical problem facing the peripheral countries.
The US, the UK, and Japan have huge budget deficits yet their banking systems are stable and their interest rates are at or near record lows. Even if the peripheral countries slash spending and raise taxes to reach a sustainable debt path, they will still remain in severe recession because of the uncompetitive state of their labour markets.
Austerity does nothing to solve the problems of an uncompetitive labour market
The source of their labour market problems is not difficult to find. When, following the adoption of the common currency, risk spreads between Greek and German debt fell, capital quickly flowed into these peripheral countries. This generated a boom that raised labour costs beyond productivity growth, primarily because unions found it easy to compare their wages to workers in Germany and the strong economic conditions encouraged acquiescence to labour demands. When the financial crisis hit, labour costs had risen too high and unemployment skyrocketed.
Austerity does nothing to solve the problems of an uncompetitive labour market. Reforming the tax systems of Greece, Spain and other peripheral countries and reducing their bloated public sectors and unsustainable pension systems are important long-term goals. But raising taxes and cutting spending now will only worsen their recessions.
In depth

Eurozone in crisis
http://im.media.ft.com/content/image...144feabdc0.img
Europe’s leaders scramble to find a solution to the eurozone sovereign debt crisis

Some economists have argued that the peripheral countries implement “internal devaluation”, the reduction in nominal wages to regain labour competitiveness. But history has shown that the substantial reduction in nominal wages necessary to achieve this goal would be extremely difficult to achieve and apt to worsen their current downtrends.
The least disruptive route Europe can take is to sharply lower the value of the euro. This will help improve the trade deficit in the peripheral countries and bring some relief to their downward spiralling economies. Euro depreciation would push the German trade surplus even higher and cause some inflationary pressures in those few European countries that are still near full employment. Given the strong German labour market, a lower euro would be likely to raise German wages and help close the gap between German and other European labour costs. The mild inflationary effect of a euro closer to dollar parity would be far less painful for all concerned than forcing austerity or internal devaluation on the peripheral countries.
The European Monetary Union was a high-minded, but ill-conceived plan to spur economic growth and forge a closer political union among European countries. The current pressures by the German government to force austerity on the peripheral countries will accelerate the disintegration of the monetary union. The ECB’s best hope of saving the union is to back away from austerity and accept a lower euro. It may not work, but it is the last viable option to save the common currency.
Jeremy Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania

Not a bad day, managed to finish the day +19.41%

waking up to close trades.

i told you patterns in m15 are just as reliable! (candlestar )
solid violet lines were entry prices at 16:45 GMT+3
(arrows are matrix signal in m15)
dashed violet lines were the DD prices, also typed in yellow fonts
solid red lines were the market prices i exited just now.

yesterday i slept with only 22 and add this 80pips, then i am at 102 total at mm-sized each, that's almost 9%. quota met! after 12 more hours.... instead of 4....

all of the 4 currencies are still pointing southwards. but without prejudice, it looks to be forming a "w". waiting for all the 4 to align once again...

will post new charts when i wake up again before frankfurt

OK....goodnight

Its only 11.20am here long time away from bed time for me yet :-)

Going to transfer my account back into the green again today...only another 1.49% to go

Thanks for your response. Last days forexfactory seem to be busy updating their website servers. Since yesterday the situation improved, I can see now the avartars and most of the attached files (pictures, charts ...) again.

Trading account back in GREEN and already up +7.74% for the day.

Well done daytrader

Hello Ylenia.
I'm sorry but I feel stupid ... (even if they are not)

Can you explain your inputs?
When you say, and matrix 15M, 15M with Symphonie you mean?

Hello, thanks and congratulations for the operations.

Giancarlo

Ok Thanks

Bought AUD @0.9835

Exited position for +11 pips

So what was your reason for entering that trade?